Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 84 | 94 | 115 | 98 | 93 | 88 | 83 | 60 | 84 | 75 | 104 | 89 |
| Expenses | 76 | 86 | 108 | 92 | 86 | 80 | 74 | 54 | 77 | 69 | 91 | 75 |
| Operating Profit | 8 | 7 | 7 | 6 | 7 | 8 | 9 | 6 | 7 | 7 | 13 | 14 |
| OPM % | 10% | 8% | 6% | 6% | 7% | 9% | 10% | 10% | 9% | 9% | 13% | 16% |
| Other Income | 1 | 1 | 2 | 1 | 1 | 1 | 0 | 1 | 0 | 1 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 8 | 7 | 8 | 6 | 6 | 8 | 8 | 6 | 6 | 6 | 12 | 14 |
| Tax % | 25% | 27% | 26% | 26% | 27% | 26% | 25% | 27% | 27% | 26% | 23% | 26% |
| Net Profit | 6 | 5 | 6 | 5 | 5 | 6 | 6 | 4 | 4 | 4 | 9 | 10 |
| EPS in Rs | 1.18 | 1.07 | 1.12 | 0.93 | 0.92 | 1.12 | 1.14 | 0.82 | 0.87 | 0.86 | 1.85 | 2.04 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 177 | 242 | 298 | 309 | 373 | 380 | 488 | 430 | 380 | 337 | 323 | 352 |
| Expenses | 168 | 227 | 276 | 284 | 340 | 339 | 442 | 416 | 352 | 308 | 290 | 311 |
| Operating Profit | 10 | 15 | 22 | 24 | 33 | 40 | 46 | 14 | 28 | 30 | 33 | 41 |
| OPM % | 5% | 6% | 7% | 8% | 9% | 11% | 9% | 3.3% | 7% | 9% | 10% | 12% |
| Other Income | 1 | 1 | 1 | 1 | -0 | 1 | 1 | 2 | 5 | 3 | 3 | 3 |
| Interest | 5 | 5 | 4 | 4 | 3 | 2 | 1 | 2 | 1 | 1 | 2 | 2 |
| Depreciation | 3 | 3 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 |
| Profit before tax | 2 | 8 | 16 | 19 | 27 | 37 | 43 | 11 | 29 | 28 | 30 | 38 |
| Tax % | 35% | 34% | 27% | 28% | 24% | 25% | 26% | 28% | 26% | 26% | 25% | |
| Net Profit | 2 | 5 | 12 | 14 | 21 | 27 | 32 | 8 | 21 | 21 | 22 | 29 |
| EPS in Rs | 0.32 | 0.98 | 2.30 | 2.72 | 4.05 | 5.38 | 6.25 | 1.55 | 4.16 | 4.11 | 4.40 | 5.62 |
| Dividend Payout % | 0% | 10% | 7% | 11% | 9% | 8% | 12% | 35% | 16% | 77% | 28% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 6% | -3% | -9% | 9% | ||
| Compounded Profit Growth | 30% | -4% | 40% | 38% | ||
| Stock Price CAGR | 18% | -10% | -8% | 14% | ||
| Return on Equity | 20% | 15% | 14% | 14% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 14 | 16 | 20 | 30 | 43 | 62 | 88 | 117 | 122 | 140 | 148 | 164 |
| Borrowings | 42 | 42 | 42 | 35 | 30 | 23 | 17 | 14 | 5 | 4 | 11 | 1 |
| Other Liabilities | 30 | 22 | 42 | 34 | 31 | 51 | 37 | 40 | 30 | 43 | 50 | 37 |
| Total Liabilities | 92 | 84 | 109 | 105 | 109 | 141 | 147 | 176 | 162 | 193 | 214 | 208 |
| Fixed Assets | 41 | 38 | 36 | 34 | 33 | 37 | 35 | 37 | 40 | 41 | 39 | 46 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 7 | 8 | 8 | 7 | 9 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 0 | 20 |
| Other Assets | 51 | 46 | 73 | 71 | 76 | 102 | 105 | 130 | 114 | 132 | 166 | 135 |
| Total Assets | 92 | 84 | 109 | 105 | 109 | 141 | 147 | 176 | 162 | 193 | 214 | 208 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | 6 | 7 | 12 | 11 | 17 | 10 | 15 | 23 | 17 | -13 | 45 |
| Cash from Investing Activity | -1 | -0 | -0 | -0 | -0 | -7 | -5 | -6 | -12 | -10 | 12 | -26 |
| Cash from Financing Activity | 1 | -6 | -4 | -11 | -9 | -9 | -5 | -4 | -11 | -5 | -8 | -18 |
| Net Cash Flow | -0 | 0 | 2 | 1 | 2 | 2 | -0 | 5 | 0 | 2 | -9 | 1 |
| Free Cash Flow | -1 | 5 | 6 | 11 | 10 | 10 | 10 | 15 | 17 | 14 | -16 | 38 |
| CFO/OP | 9% | 60% | 53% | 74% | 72% | 72% | 43% | 60% | 175% | 86% | -20% | 158% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 47 | 52 | 42 | 33 | 47 | 42 | 50 | 50 | 64 | 72 | 79 |
| Inventory Days | 32 | 35 | 43 | 37 | 46 | 45 | 53 | 41 | 28 | 44 | 97 | 69 |
| Days Payable | 57 | 41 | 59 | 38 | 34 | 52 | 34 | 28 | 20 | 40 | 54 | 36 |
| Cash Conversion Cycle | 28 | 41 | 37 | 41 | 45 | 40 | 61 | 63 | 58 | 69 | 116 | 112 |
| Working Capital Days | -3 | 4 | 11 | 16 | 28 | 29 | 48 | 53 | 54 | 67 | 108 | 102 |
| ROCE % | 8% | 12% | 19% | 29% | 31% | 38% | 38% | 36% | 10% | 21% | 19% | 19% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% | 0.14% | 0.15% | 0.18% |
| Public | 25.00% | 24.99% | 24.98% | 25.00% | 24.99% | 24.99% | 24.99% | 24.98% | 24.94% | 24.86% | 24.84% | 24.82% |
| No. of Shareholders | 73,564 | 70,538 | 67,531 | 64,799 | 64,496 | 62,362 | 55,011 | 54,226 | 52,795 | 51,517 | 50,206 | 50,231 |
Fundamentals
Market Cap₹ 578 Cr.
Current Price₹ 113
Stock P/E20.2
Book Value₹ 33.2
ROCE18.7 %
ROE13.6 %
Dividend Yield1.77 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)38%
Consolidated figures.
Valuation
Market capRs 563 Cr
Enterprise valueRs 555 Cr
P/E (TTM)19.68x
Price to book3.32x
Price to sales1.60x
EV / EBITDA12.62x
EV / EBIT13.90x
EV / sales1.57x
Price to cash flow12.48x
Earnings yield5.08%
Dividend yield1.13%
P/E, 3-year average21.87x
P/B, 3-year average3.07x
P/E, 5-year average33.06x
P/B, 5-year average4.32x
Profitability
Operating margin (excl. other income)10.13%
Operating margin (incl. other income)10.98%
EBITDA margin12.48%
Pre-tax margin10.90%
Net profit margin8.13%
Net margin, latest quarter11.66%
ROE13.91%
ROCE18.87%
ROA10.62%
ROE, 3-year average14.52%
ROCE, 3-year average19.61%
ROA, 3-year average10.96%
ROE, 5-year average15.91%
ROCE, 5-year average20.93%
ROA, 5-year average11.47%
ROIC (approx.)18.53%
Tax rate25.34%
Other income / net worth1.62%
Growth
Sales growth (latest year)-4.25%
Profit growth (latest year)7.07%
Sales CAGR, 3 years-9.13%
Sales CAGR, 5 years-3.19%
Profit CAGR, 3 years41.46%
Profit CAGR, 5 years-3.96%
Sales growth QoQ-14.38%
Profit growth QoQ10.41%
Sales growth YoY (latest quarter)48.84%
Profit growth YoY (latest quarter)147.97%
Per share
EPS (TTM)Rs 5.61
EPS (latest year)Rs 4.40
EPS (latest quarter)Rs 2.04
EPS, 3-year averageRs 4.22
EPS, 5-year averageRs 4.09
Book value per shareRs 33.22
Sales per shareRs 69.07
Cash flow per shareRs 8.85
Free cash flow per shareRs 7.45
Dividend per share (latest year)Rs 1.25
Dividend per share, 3-year averageRs 1.68
Dividend per share, 5-year averageRs 1.27
Dividends
Dividend payout28.46%
Dividend payout, 3-year average40.26%
Dividend payout, 5-year average33.62%
Efficiency
Asset turnover1.55x
Fixed asset turnover7.08x
Inventory turnover5.43x
Inventory days67 days
Debtor days79 days
Debtors turnover4.64x
Creditor days36 days
Cash conversion cycle112 days
Working capital days102 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 10 Cr
Net debtRs -9 Cr
Debt to equity0.01x
Net debt / EBITDA-0.20x
Interest coverage26.61x
Owners' fund to total sources81.50%
Debt to assets0.69%
Cash flow
Cash from Operating Activity (latest year)Rs 45 Cr
Cash from Investing Activity (latest year)Rs -26 Cr
Cash from Financing Activity (latest year)Rs -18 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 38 Cr
FCFE (approx.: FCF + change in debt)Rs 28 Cr
Cash from ops / profit, 5 years0.84x
Sales to cash flow7.16x
Statement figures
Net sales (TTM)Rs 352 Cr
Net sales (latest year)Rs 323 Cr
Sales (latest quarter)Rs 89 Cr
Operating profit excl. other income (latest year)Rs 33 Cr
Operating profit (latest quarter)Rs 14 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 44 Cr
PBDT (TTM)Rs 42 Cr
Profit before tax (TTM)Rs 38 Cr
Tax (latest year)Rs 8 Cr
Net profit (TTM)Rs 29 Cr
Net profit (latest year)Rs 22 Cr
Net profit (latest quarter)Rs 10 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 261 Cr
Total expenditure (latest year)Rs 290 Cr
Total income (latest year)Rs 326 Cr
Share capitalRs 5 Cr
ReservesRs 164 Cr
Shareholders' fundsRs 169 Cr
Total assetsRs 208 Cr
Net blockRs 46 Cr
Capital work in progressRs 7 Cr
InvestmentsRs 20 Cr
ReceivablesRs 70 Cr
InventoryRs 48 Cr
Other liabilitiesRs 37 Cr
Shares outstanding (crore)5.10
Ownership
Promoter holding75.00% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 19.7 is at the 7th percentile of its own 9.4-year range
(median 29.7, low 17.0, high 97.2).
P/B 3.32 is at the 8th percentile (median 6.36).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | BLACKROSE | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.1% | -2.8% | +0.6 pts |
| 1 month | -2.8% | -6.8% | +4.0 pts |
| 3 months | -2.6% | -7.6% | +5.0 pts |
| 3 years | -23.2% | +14.2% | -37.3 pts |
| 5 years | -42.9% | +27.9% | -70.8 pts |
Red flags
F-score 7 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹89 Cr +48.3% vs Jun 2025.
Net profit ₹10 Cr +150.0%.
Against our estimate for Jun 2026: sales +40.9%, profit +163.9% big beat. Our estimate for Sep 2026: sales Rs 115 Cr, profit Rs 8 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Pidilite Industries Ltd | 148,809 | 56.2 | 31.0 % |
| Gujarat Fluorochemicals Ltd | 48,402 | 78.4 | 9.64 % |
| Navin Fluorine International Ltd | 42,255 | 53.1 | 21.0 % |
| Aether Industries Ltd | 23,226 | 96.8 | 11.9 % |
| Deepak Nitrite Ltd | 20,854 | 26.3 | 11.4 % |
| Atul Ltd | 17,614 | 22.1 | 14.9 % |
| Aarti Industries Ltd | 17,045 | 32.6 | 6.86 % |
| Fine Organic Industries Ltd | 15,759 | 36.0 | 21.5 % |
| BASF India Ltd | 14,871 | 24.0 | 14.5 % |
| Privi Speciality Chemicals Ltd | 14,084 | 40.3 | 22.3 % |
| Anupam Rasayan India Ltd | 13,409 | 76.8 | 7.38 % |
| Vinati Organics Ltd | 12,173 | 24.4 | 21.4 % |
| Elantas Beck India Ltd | 10,820 | 60.9 | 21.2 % |
| Jubilant Ingrevia Ltd | 10,180 | 32.0 | 11.4 % |
| Alkyl Amines Chemicals Ltd | 9,111 | 40.5 | 16.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-02 | Dividend - Rs 1.25 Per Share | |
| 2026-08-06 | Interim Dividend - Rs 2 Per Share |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Black Rose Industries Ltd?
Black Rose Industries Ltd (BLACKROSE) has a market capitalisation of Rs 578 Cr. at the 2026-10-01 close.
What is the P/E ratio of Black Rose Industries Ltd?
Black Rose Industries Ltd trades at a P/E of 20.2 on trailing twelve-month profit, at the 2026-10-01 close.
What were Black Rose Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Black Rose Industries Ltd sales was Rs 89 Cr (+48.3% vs Jun 2025) and net profit was Rs 10 Cr.
What is the 52-week high and low of Black Rose Industries Ltd?
The 52-week high is Rs 129.90 and the 52-week low is Rs 80.05.